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Property profile & analytics
OFF-MARKET
Land

0 Fern Ave Nashville, TN 37207

7.74 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.74-acre land assemblage in Nashville, TN, presents a remarkable opportunity for high-density multifamily development. Located at 1214 Brick Church Pike, in Davidson County, zip code 37207 (36.1957949, -86.7772344), this property is zoned TBZ MU-I and offers significant potential for a large-scale residential project, estimated to accommodate 400-600 units. The site's strategic location in the heart of Nashville provides easy access to urban amenities while maintaining a tranquil atmosphere. Currently leased, with the lease expiring August 1, 2024, this acquisition offers a steady income stream during the planning and development phases. The asking price is $40,000,000, translating to approximately $2,325,581 per acre. This represents a compelling investment in a rapidly growing market, allowing developers to capitalize on the high demand for housing in Nashville. The mixed-use zoning overlay further enhances the property's versatility and development potential, creating a unique opportunity to build a thriving residential community. Don't miss this chance to be part of Nashville's dynamic growth.

Property profile
Verified
Property type Land
Lot 7.74 ac (337,154 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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